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Technology Stocks : Ciena (CIEN) -- Ignore unavailable to you. Want to Upgrade?

To: Helen MacMillan who wrote (1118)	12/31/1997 9:04:00 AM
From: TERRY MURPHY	Respond to of 12623

Precision Optics Corporation Announces Prototype WDM-Class Optical Filter Could this be the next WDM play? Any comments?...Terry PR News Wire via Dow Jones GARDNER, Mass., Dec. 30 /PRNewswire/ -- Precision Optics Corporation, Inc.(Nasdaq: POCI) has been informed that a prototype broadband optical thin film filter has been accepted for use in a customer's proprietary optical communications application. This filter is one of a series of prototypes for use in optical communications under development by the Company over the past year. This filter utilizes technology qualified by a customer earlier this year for the requisite environmental stability for use in optical communications systems. The Company believes that this class of filter, having a relatively broad bandwidth of approximately twelve nanometers, may be used for at least two-channel WDM devices and as a component in WDM devices of up to eight-channels, and may also be used in various other optical communication applications. The Company is continuing efforts for the demonstration and production of narrower bandwidth filters of this class for other WDM devices. The Company expects these on-going efforts to enable initial production and sales for this growing business sector later next year. Precision Optics Corporation provides high quality optical thin film coatings used in a variety of high technology applications including optical communications,Microlithography, Semiconductor Processing, Photomasks, and Advanced Imaging. Inaddition, Precision Optics Corporation designs, develops, manufactures and markets specialized optical systems and components. Its products and services as an original equipment manufacturer include a line of laparoscopes and arthroscopes as well asother medical instruments, industrial optical systems, lens systems for night-vision equipment, and advanced optical systems design and development. /CONTACT: Jack Dreimiller of Precision Optics Corporation, 978-630-1800/

To: Helen MacMillan who wrote (1118)	12/31/1997 11:01:00 AM
From: Darryl Olson	Read Replies (1) \| Respond to of 12623

Helen: I believe there was a small article in the WSJ on the day CIEN jumped $3. The article mentioned that CIEN was preparing a rights offering whereby existing shareholders would be entitled to one right whenever an outside party acquired 15% of CIEN stock. These offerings are a type of "poison pill" and are oftentimes enacted whenever there is concern about a takeover. They force any interested parties to negotiate with existing management. CIEN mentioned something to the effect that there were no active suitors at this time. As a side note, the company I work for enacted a similar rights offering. Low and behold, a few months later they announced that they had agreed to be purhcased by another co.